Because of on-demand services, people are going to stores less and less — Walmart’s stores may go to 10,000 square feet from 200,000 today, Swisher said. “What is that going to do to real estate if there is no big box retailer?”

Virtual reality will also be transformative for real estate, Swisher said. Though being engaged on VR platform is “very different” from being engaged on a website, it does mean “you don’t have to see the houses as much,” she said.

Artifical Intelligence “could replace real estate agents for sure … if it gets you what you want.”

St. Cece’s Bar & Restaurant in the Heart of Detroit’s Popular Corktown with dedicated parking. Three Parcels and Liquor License included in the sale. One block from the planned Tiger Stadium redevelopment site, and two blocks from the planned Checker Cab redevelopment site.

Owner of the David Whitney Building will share information about his projects as well as an overview of what is happening in Detroit Real Estate. Get up to date information on what’s developing in the Capitol Park District and an up to date perspective of the downtown real estate market. RSVP today and join us on the 17th at the Detroit Athletic Club

Love that quote. And it is so true when it comes to Realtors using VR to sell homes. It will be here a lot sooner then you think. Read some excerpts from the article below:

Right now, the rich and famous are touring homes in virtual reality—and in a few years, so could everyone.

VR also allows buyers throughout Asia and Europe to check out homes before flying in to finalize a deal. On the seller side, VR allows celebrities and owners of expensive homes to focus on only buyers with legitimate interest in purchasing.

“You could do real estate open houses with 360-degree views and have a client come to your office and check out 50 homes through a head-mounted display and then pick the top ones to visit in person,” Pachter says.

Had the opportunity to go out to Bay City last week to capture two beautiful Penthouse Units for a new development project that is shaping up nicely. Here is an excerpt from the website:

From brownstones and trendy lofts to penthouse suites and high-rise condominiums, walk to work on heated sidewalks in a contemporary cityscape with historical charm. Sophistication with an urban edge: Welcome to Uptown Bay City.

Uptown Bay City is excited to invite you to Penthouse living. Wake up in your spacious master suite, get ready for work in your large walk-in closet and relax on your balcony with sweeping river views. With over 1,700 sq. feet of living space, Uptown Bay City has a unique Penthouse space just for you.

So much great information and insight in this Inman report. Here are some quotes from the report:

“More agents are being introduced to technology tools and services to help make their business more efficient,”

“Only agents who invest in their marketing and lead generation will see increases in production.”

“As the business changes, greater skill levels to compete, survive and thrive will be needed. People skills, increased technology usage by buyers/sellers/agents, communication and overall business knowledge will push the bar higher for all residential players. Excellence is no longer optional to remain competitive.”

“It’s pretty simple. If you’re going to meet with two different agents and they talk about exactly the same thing – you have a hard decision. But if you meet with those same two agents and one of them has this incredible [Matterport] technology that offers all these advantages and the other agent doesn’t. It’s a clear choice. You’re going with the agent that uses Matterport.”

-Matt Altman

Contact TrueSpaces today to learn how you can use Matterport to win new listings in Michigan.